Employee Stock Ownership Plans (ESOPs) are a popular way for companies to share ownership with their employees. They offer a unique blend of benefits, including potential financial gains and tax advantages.
The Goods and Services Tax (GST) landscape is ever evolving, with frequent updates and changes to the reporting procedures. One of the critical aspects of GST compliance is the accurate reporting of Input Tax Credit (ITC) in the GSTR-3B form.
1. Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 (read with circular 170/02/2022-GST, Dated 6th July,2022), the Government introduced certain changes in Table 4 of Form GSTR-3B regarding availment & reversal of ITC along-with reporting of re-claimed and ineligible ITC. Accord...
The Goods and Services Tax (GST) ecosystem in India has taken a significant step forward with the introduction of the Invoice Management System (IMS) on the GST Common Portal.